Bullion Gold Resources Stock Market Value
| TTEXF Stock | USD 0.02 0.00 0.00% |
| Symbol | Bullion |
Bullion Gold 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Bullion Gold's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Bullion Gold.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Bullion Gold on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Bullion Gold Resources or generate 0.0% return on investment in Bullion Gold over 30 days. Bullion Gold is related to or competes with IGO, Mineral Res, and Adriatic Metals. Bullion Gold Resources Corp. engages in the acquisition, exploration, and development of mineral properties in Canada More
Bullion Gold Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Bullion Gold's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Bullion Gold Resources upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0815 | |||
| Maximum Drawdown | 24.32 |
Bullion Gold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bullion Gold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bullion Gold's standard deviation. In reality, there are many statistical measures that can use Bullion Gold historical prices to predict the future Bullion Gold's volatility.| Risk Adjusted Performance | 0.0965 | |||
| Jensen Alpha | 0.3891 | |||
| Total Risk Alpha | (0.12) | |||
| Treynor Ratio | (1.34) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Bullion Gold's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Bullion Gold Resources Backtested Returns
Bullion Gold appears to be out of control, given 3 months investment horizon. Bullion Gold Resources secures Sharpe Ratio (or Efficiency) of 0.13, which signifies that the company had a 0.13% return per unit of risk over the last 3 months. We have found seventeen technical indicators for Bullion Gold Resources, which you can use to evaluate the volatility of the firm. Please makes use of Bullion Gold's Standard Deviation of 2.99, mean deviation of 0.7259, and Risk Adjusted Performance of 0.0965 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bullion Gold holds a performance score of 9. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bullion Gold are expected to decrease at a much lower rate. During the bear market, Bullion Gold is likely to outperform the market. Please check Bullion Gold's information ratio and rate of daily change , to make a quick decision on whether Bullion Gold's price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Bullion Gold Resources has no correlation between past and present. Overlapping area represents the amount of predictability between Bullion Gold time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Bullion Gold Resources price movement. The serial correlation of 0.0 indicates that just 0.0% of current Bullion Gold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Bullion Gold Resources lagged returns against current returns
Autocorrelation, which is Bullion Gold pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Bullion Gold's pink sheet expected returns. We can calculate the autocorrelation of Bullion Gold returns to help us make a trade decision. For example, suppose you find that Bullion Gold has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Bullion Gold regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Bullion Gold pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bullion Gold pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bullion Gold pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Bullion Gold Lagged Returns
When evaluating Bullion Gold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bullion Gold pink sheet have on its future price. Bullion Gold autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Bullion Gold autocorrelation shows the relationship between Bullion Gold pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Bullion Gold Resources.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Other Information on Investing in Bullion Pink Sheet
Bullion Gold financial ratios help investors to determine whether Bullion Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bullion with respect to the benefits of owning Bullion Gold security.